No Left Turns

Two Dissents

I hate to dissent from Peters judgments, but Tom McClintock is not going to drop out, despite the fact that he is a devotee of both Lincoln and Churchill, whose examples he knows well. Among other things, he owes the Republican Party establishment very little, since (bowing to Pete Wilsons vindictiveness) it lifted nary a finger to help him in his winnable statewide controllers race last year, where he ran ahead of every other Republican on the ballot. I know Tom very well; his rock-solid stubbornness is of a piece with his clarity on public policy issues. It aint gonna happen.

Nathaniel Stewart and others pass along good economic news. I hope they are right, but I am not so sure. There are worrying signs that the economy might stall out again. See John Makins latest Economic Outlook, where he points out continuing weakness in fundamental areas. Makin is my guru; he has an incredible record of calling economic turns. He was very optimistic three months ago, which makes his current worry something to pay attention to.

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